This isn't giving more power to Bush or his administration.
This is something that is done in other industries in America and done throughout the world on almost all markets.
Our market needs to be regulated and monitored... way more than it is. I simply don't feel safe investing in a 'fake stock market' like we have, so any regulation to make it more secure and real is a good thing.
Regulation is needed to protect the overall system from *ALL* idiots that have no idea as to what it is that they are doing to themselves or the people around them.
Regulation is needed to protect the overall system from *ALL* idiots that have no idea as to what it is that they are doing to themselves or the people around them.
Federal regulation always works wonders. lol
No doubt one may quote history to support any cause, as the devil quotes scripture.
-- Learned Hand
Your thread is way off. The Federal Reserve acts independently from the Administration and many times, gets in the political cross fire of the administrations because if the Administration had its way, it would always pressure the Federal Reserve to lower interest rates.
That's why they call it fiscal policy and monetary policy.
We need to regulate the markets over here so we don't have to regulate them over there. Fool me once, shame on — shame on you. Fool me — you can't get fooled again.
However, ours is a government of laws, not men. If too much power is vested in the Presidency without the proper checks and balances, eventually you will get someone who abuses it.
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